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SM Energy Company (SM)
:SM
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.94Last Year’s EPS
1.56Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 5.12%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational execution and promising initial results from new wells, particularly in the Klondike area, and efficient operations in the Uinta Basin. However, there are challenges with production guidance due to the integration of new assets and a temporary suspension of share buybacks as the company focuses on reducing leverage. The overall sentiment is balanced with optimism for future returns but cautiousness around immediate production and financial metrics.Company Guidance
During the SM Energy Q3 2024 earnings call, the company provided guidance on several key metrics for the upcoming quarters. The fourth quarter CapEx is projected at $330 million, suggesting an annualized rate of approximately $1.3 billion, although executives advised against using this as a precise forecast for 2025, which is expected to be in the range of $1.3 to $1.4 billion, contingent on commodity prices. The company emphasized a shift in focus towards debt reduction, aiming to achieve a 1x net leverage ratio before resuming share buybacks, with a $500 million buyback authorization extended to 2027. Regarding production, the integration of the Uinta Basin assets is anticipated to introduce variability, with Q4 production guidance wider than usual due to operational transitions. Additionally, the company highlighted a strategic focus on optimizing its capital program across its three asset bases—Uinta, South Texas, and Permian—to maximize free cash flow, leveraging multiple pricing scenarios for 2025 planning.Operational Excellence in Q3
The quarter was marked by excellent operational execution, including the integration of the Uinta Basin assets, which is expected to enhance SM Energy's overall asset portfolio.
Successful Klondike Wells
Initial Klondike wells exceeded initial acquisition economic parameters, confirming the geologic model and showing high productivity with effective water management.
Efficient Uinta Operations
Uinta Basin operations are highly efficient with integrated sand mining and e-frac technology, leading to potential improvements in capital efficiency and returns.
Strong Inventory in Low Breakeven Assets
All three asset areas have significant inventory with low breakeven costs, allowing for strong returns even in lower oil price environments.
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SM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $41.97 | $40.28 | -4.03% |
| Aug 07, 2024 | $38.80 | $43.04 | +10.93% |
| May 02, 2024 | $47.34 | $49.70 | +4.99% |
| Feb 21, 2024 | $39.02 | $40.84 | +4.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SM Energy Company (SM) report earnings?
SM Energy Company (SM) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is SM Energy Company (SM) earnings time?
SM Energy Company (SM) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SM EPS forecast?
SM EPS forecast for the fiscal quarter 2024 (Q4) is 1.94.
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